Ethical Sourcing at the Forefront

A good news story for the metals industry and any manufacturing company with sourcing risks...

As ethical sourcing becomes a high-profile risk topic from both regulatory and human rights perspectives, addressing forced labor risks across the manufacturing and supply chains will become more important. Some considerations to address this risk include:

The world's biggest metal exchange is changing its rules to combat child labor, money laundering, bribery and corruption.
The London Metal Exchange will require producers that operate in high-risk and conflict zones to demonstrate that their products are responsibly sourced by 2022.
It's a major policy shift for the 142-year-old exchange, which until now certified metals for trade only by evaluating qualities such as their shape, weight and chemical composition. Now it's trying to ensure that the metal that ends up in cars or electronic devices is ethically sourced.
"Global consumers rightly demand action on responsible sourcing — and our industry must listen," CEO Matthew Chamberlain said in a statement.

"Increasingly, people are seeking out food that's free of chemicals, ethically sourced, and good for them." - what a populist word salad. Please list foods that are chemical free. Is food still ethical if it's so expensive poor people can't afford it? https://t.co/0c4FPvR6H9

Excellent news: "European carmaker #BMW has announced that it will buy #cobalt for electric car batteries direct from Australia and Morocco in an effort to ensure it is not sourcing materials from countries that use child labour.”https://t.co/czLlRbgjbg